GBP/USD: review and forecast

The GBP/USD pair was growing, but did not manage to break out the resistance level of 1.3272, and started correcting down amid the lack of support from macroeconomic statistics.

Today attention needs to be paid to data on the Initial Jobless Claims and Durable Goods Orders, due in the US at 2:30 pm (GMT+2). Both indicators are expected to show growth.

Support and resistance

On the 4-hour chart, the price range of Bollinger Bands is narrowing. MACD histogram remains in the positive zone, but its volumes are falling gradually. Stochastic lines are directed down.
According to the indicators, short positions seem preferable.